|
|
Risk Retention Reporter
Article Excerpts - January 2012
|
|
|
|
- For comprehensive monthly coverage of the RRG/PG marketplace,
subscribe to the Risk Retention Reporter.
- If you need a back issue or a past article, please e-mail us at subscriptions@rrr.com and provide the name of the article and the month and year of the issue of the RRR.
|
|
|
|
|
|
|
|
GAO Report Recommends Congress Consider Clarifying LRRA
|
|
|
|
|
The U.S. Government Accountability Office (GAO) is recommending that Congress consider clarifying some provisions of the Liability Risk Retention Act regarding registration requirements, fees and coverage, in order to solve disputes between state regulators and nondomiciliary RRGs. The report, released January 9 and titled "Risk Retention Groups: Clarifications Could Facilitate States’ Implementation of the Liability Risk Retention Act," was requested by Congress due to industry concerns and the recent proposals to expand the LRRA.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
NRRA Says GAO Report Highlights Important Issues for RRGs
|
|
|
|
|
The Government Accountability Office (GAO) report on RRGs, released January 9th, has already garnered an initial reaction of some RRG industry professionals.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Vermont and Others File Letters in Support of ANI
|
|
|
|
|
Several entities, including the Vermont Department of Banking, Insurance, Securities and Health Care Administration, have joined the chorus of support for the Alliance of Nonprofits for Insurance, RRG (ANI) a Vermont-domiciled risk retention group that serves the nonprofit sector, in its case against Nevada Division of Insurance. Vermont, the National Risk Retention Association, (NRRA), and some fellow RRGs have sent letters or amicus briefs to the U.S. Court of Appeals for the Ninth Circuit in San Francisco, California in support of a previous ruling in favor of ANI’s right to sell auto insurance in the state of Nevada.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
RRGs Picking Up Larger Share of MedMal Premium, Data Show
|
|
|
|
|
The share of medical professional liability (MPL) premium written by risk retention groups has increased over the last five years, even as the total premium paid for MPL coverage has been shrinking, an analysis of data from the NAIC and data collected by the Risk Retention Reporter found.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Physicians RRGs Include Variety of Formats, Characteristics
|
|
|
|
|
The 59 risk retention groups operating in the Physicians market segment going into 2012 are a mixed bag--with the majority of RRGs in this segment operating as stock companies, in limited geographic areas (state or regional), and offering membership to physicians regardless of affiliation or practice type.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
RRR Announces Change in Publication Prices
|
|
|
|
|
Starting January 1, 2012, Insurance Communications, the parent company of the RRR, has streamlined the pricing structure for both the Risk Retention Reporter and the Risk Retention Group Directory & Guide. The price difference between a print version of the RRR and an electronic version has been eliminated, with the price for one subscription being $495.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Annual CICA International Conference To Be Held In March
|
|
|
|
|
The Captive Insurance Companies Association (CICA) will be holding its annual conference in Scottsdale, Arizona, at the Westin Kierland Resort & Spa, from March 11th to March 13th, 2012.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
PGs Reach All-Time High of 848 Active Groups
|
|
|
|
|
In December, purchasing group numbers reached 848 for the first time. PG numbers have been climbing steadily during the last seven years, after a drop off in formations from 2000 to 2004. In 2004, PG numbers reached a low of 659 groups, but in the years since, the numbers have been climbing, reaching the benchmark number of 800 active groups by the end of 2009. Purchasing group formations always increase during a soft market. However, PG activity on that front began well ahead of the beginning of the current soft market.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Number of RRGs Steadily Climbs in 2011
|
|
|
|
|
The number of RRGs operating at the end of 2011 was 254--equal to the number operating at the end of 2007, but well short of the peak of 262 groups reached in 2008. There were 16 new RRGs formed and 13 groups that retired. The year was the first since 2008 in which RRG formations surpassed retirements.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Healthcare Tops Both RRG and PG Sectors
|
|
|
|
|
Healthcare is the largest business area for both purchasing groups and risk retention groups based on the number of groups operating at year end 2011. However, while Healthcare RRGs dominates the RRG marketplace, accounting for 61% of all operating groups, Healthcare PGs account a middling 20% of operating groups.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Special Feature Articles Change-Up
|
|
|
|
|
Since 2007, the Risk Retention Reporter has been running the monthly article CEO of the Month, which features an interview with a person involved in the management of RRG(s). As of this month, this feature will turn into a quarterly article. CEO of the Month will alternate with the two other regular features--RRG Boards’ Best Practices and Captive Regulator in the Spotlight. In addition to these regular features, the RRR will be reinvisioning a format used primarily in the publication’s early years--Forum.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
CEO of the Month: Janice Abraham
|
|
|
|
|
Janice Abraham is the president and CEO of one of the oldest and most succesful RRGs--United Educators Insurance, A Reciprocal RRG. In her interview with the RRR, Abraham discusses the importance of robust risk management in today’s rapidly changing educational environments. She also talks about catering to the needs of member insureds while staying focused on risk management goals.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Domicile Review: District of Columbia
|
|
|
|
|
Washington, D.C. is the focus of this month’s Domicile Review feature article. The profile examines both the legislative and regulatory history of RRGs and PGs in the District, the current outlook for the alternative risk marketplace in Colorado, and details about the leadership guiding and overseeing RRGs and PGs.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
Risk Retention Roundup
|
|
|
|
|
This month one new risk retention group was added to the RRR listings and one RRGs was deleted, leaving the total number of RRGs up to 254. Two new purchasing groups were added to the RRR listings and seven PGs were deleted, bringing the total number of PGs down to 843.
... For full story, purchase this single article or this month's
back issue of the Risk Retention Reporter.
|
|
|
|
- For comprehensive monthly coverage of the RRG/PG marketplace,
subscribe to the Risk Retention Reporter.
- If you need a back issue or a past article, please e-mail us at subscriptions@rrr.com and provide the name of the article and the month and year of the issue of the RRR.
|
|
